[51] The exceptions to this rule are so few, that they need hardly be stated. Incomes from investments in foreign funds are perhaps the principal exception, but the amount of these is not large, and cannot affect the general principle above laid down, which lies, or ought to lie, at the foundation of every system of Political Economy.
[52] Vide the Magazine for March 1848. No. CCCLXXXIX. Article, "The Budget."
[53] See on this subject a remarkable pamphlet, entitled "Past and Present Delusions on Political Economy," by Alexander Gibbon, Esq. The author has the merit of having pointed out at least one direct infringement of an Act of Parliament, to which we have referred in the text; and we must also bear our testimony to the soundness and precision of many of the views which he has stated on the intricate subject of taxation.
Transcriber's Notes:
Pp. [516], [545], [573], and [592] added missing footnote anchors.
P. [614] corrected total from £14,320,013 to £14,360,043
Simple spelling, grammar, and typographical errors were corrected.
Punctuation normalized.
Anachronistic and non-standard spellings retained as printed.